At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.

JM Financial believes that there could be de-rating of SBI's valuations due to macro risks. In view of recent market volatility, SBI gives the analysts confidence on the back of its strong liability franchise.

After remaining an underperformer in the current calendar year, Nifty IT (NSEIT) might be ready to take a U-turn, believes JM Financial, suggesting that it was time to start putting weight on the large cap stocks in this sector.

India's markets regulator has warned ICICI Bank over its employees reaching out to shareholders of its unit, ICICI Securities, to urge them to vote in favour of the unit delisting from stock exchanges, the bank said on Wednesday.

The company said it is taking Iegal opinion on the issue to take appropriate steps on the SCN. PB Fintech has maintained that there will be no material impact on the company's financials and operations.

At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.

JM Financial believes that there could be de-rating of SBI's valuations due to macro risks. In view of recent market volatility, SBI gives the analysts confidence on the back of its strong liability franchise.

After remaining an underperformer in the current calendar year, Nifty IT (NSEIT) might be ready to take a U-turn, believes JM Financial, suggesting that it was time to start putting weight on the large cap stocks in this sector.

At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.

JM Financial believes that there could be de-rating of SBI's valuations due to macro risks. In view of recent market volatility, SBI gives the analysts confidence on the back of its strong liability franchise.

After remaining an underperformer in the current calendar year, Nifty IT (NSEIT) might be ready to take a U-turn, believes JM Financial, suggesting that it was time to start putting weight on the large cap stocks in this sector.

At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.

JM Financial believes that there could be de-rating of SBI's valuations due to macro risks. In view of recent market volatility, SBI gives the analysts confidence on the back of its strong liability franchise.

After remaining an underperformer in the current calendar year, Nifty IT (NSEIT) might be ready to take a U-turn, believes JM Financial, suggesting that it was time to start putting weight on the large cap stocks in this sector.

Sebi on Thursday came out with a framework on "financial disincentives" for stock exchanges and other market infrastructure institutions for their lapses in detecting abnormal or suspicious trading activities to safeguard the interest of retail investors.

The pan-European STOXX 600 benchmark rose by 0.7%, with the technology subindex surging 2.6%, driven by significant gains from Wall Street's tech giants.

The short-term trend of Nifty remains positive despite high volatility. On moving above the hurdle of 22,250 level recently, Nifty still has chances to move towards the next upper hurdle of 23,200 in the near term.

ECB raises inflation forecast for 2024, 2025. Analysts say the quarter-point cut on Thursday would likely not usher in a swift series of further cuts as the bank waits to make sure inflation is under control while easing credit to help the economy. While inflation at an annual rate of 2.6% in May is well down from the peak of 10.6% in October 2022, the decline has slowed in recent months and inflation even ticked up slighly from 2.4% in April.

At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.

JM Financial believes that there could be de-rating of SBI's valuations due to macro risks. In view of recent market volatility, SBI gives the analysts confidence on the back of its strong liability franchise.

After remaining an underperformer in the current calendar year, Nifty IT (NSEIT) might be ready to take a U-turn, believes JM Financial, suggesting that it was time to start putting weight on the large cap stocks in this sector.

At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.

JM Financial believes that there could be de-rating of SBI's valuations due to macro risks. In view of recent market volatility, SBI gives the analysts confidence on the back of its strong liability franchise.

The number of high net-worth individuals (HNIs) in India increased by 12.2% in 2023, reaching 35.89 lakh individuals. Their financial wealth also rose by 12.4% to $1,445.7 billion, driven by a strong economy and the performance of domestic equity markets.

Yes Securities has mentioned ​24 stocks across 8 sectors, including Hindalco, HUL, GAIL, in its conviction list, stating that the markets tend to perform well after the election results.

At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.

JM Financial believes that there could be de-rating of SBI's valuations due to macro risks. In view of recent market volatility, SBI gives the analysts confidence on the back of its strong liability franchise.

The stocks have been on a rise since Naidu’s sweeping win in the assembly election and Lok Sabha elections. Naidu's TDP in alliance with BJP and Pawan Kalyan's JSP bagged 165 of 175 seats in the Andhra Pradesh assembly election, defeating YSRCP's Jagan Mohan Reddy.

Tech stocks led the rally with Narendra Modi set to return to power for a third straight term after two key allies pledged support to form a new government. Top Sensex gainers included Tech Mahindra, HCL Tech, SBI, NTPC, and Infosys which rose 3-4%. HUL, Asian Paints, M&M and Nestle India settled with cuts.

All 82 economists polled by Reuters expected the ECB to trim its deposit rate to 3.75% on Thursday from a record 4.0%, in what would be its first cut since 2019. ECB policymakers have clearly telegraphed their intention to lower borrowing costs after seeing inflation in the 20 countries that share the euro fall from more than 10% in late 2022 to just above their 2% target in recent months.

PB Fintech, an online insurance aggregator, saw its shares surge by 5.2% to Rs 1,360 in Thursday's trading on the BSE following a block deal. This transaction, valued at around Rs 428 crore, represented a 0.73% stake in the company.

At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.

JM Financial believes that there could be de-rating of SBI's valuations due to macro risks. In view of recent market volatility, SBI gives the analysts confidence on the back of its strong liability franchise.

Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.

PB Fintech, an online insurance aggregator, saw its shares surge by 5.2% to Rs 1,360 in Thursday's trading on the BSE following a block deal. This transaction, valued at around Rs 428 crore, represented a 0.73% stake in the company.

The shocker in election results has made investors wonder whether India will remain FII favourite among all emerging markets. Billionaire investor Mark Mobius says FIIs are not going anywhere and won't derate India because the long-term growth story is intact, and they want to diversify away from China. He also says Sensex can hit the 1 lakh mark in less than 5 years.

24 stocks across 8 sectors are in the conviction list of domestic brokerage Yes Securities which says that historical data suggests markets tend to perform well after the election results.

Avendus Capital CEO Holland uncertain about pre-budget rally, mentions potential capital gains tax change ahead of India's full budget presentation in July

Benchmark equity indices rose on Thursday led by gains in state-run companies as investors moved past the shock of election results that reduced the ruling party's margin of majority and waited for a new government to be formed under Prime Minister Narendra Modi's leadership. Meanwhile, five mid and largecap stocks from the Nifty200 index reached new 52-week highs in Thursday's trading session. Here's the list:

At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.

As of March 2024, ITC Hotels' capital structure stood at approximately Rs 207.85 crore. However, this figure may see slight adjustments on the listing day due to the issuance of shares under the ESOP scheme, according to Puri. This information was shared with shareholders on Thursday during an NCLT-convened audio-visual meeting of ITC Ltd shareholders concerning the demerger process.

TDP Linked Stocks: Heritage Foods and Amara Raja Energy stocks surged up to 32% following TDP's success in local elections, with ties to both companies through leadership connections. Heritage rose 10% to Rs 601, and Amara Raja climbed 9% to Rs 1,325 in Thursday's trading session.

Bharat Heavy Electricals Limited (BHEL) shares surged 14.5% after securing thermal power project orders, including a significant one from Adani Power. BHEL will set up a 2x800 MW thermal power plant for Adani Power in Raipur, Chhattisgarh, and another project for Mirzapur Thermal Energy in Uttar Pradesh.

Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.

PB Fintech, an online insurance aggregator, saw its shares surge by 5.2% to Rs 1,360 in Thursday's trading on the BSE following a block deal. This transaction, valued at around Rs 428 crore, represented a 0.73% stake in the company.

ZEE's board approved raising up to Rs 2,000 crore via equity shares or eligible securities in one or more tranches. This move follows the collapse of the $10 billion Sony merger in January. The company aims to bolster finances after announcing cost-cutting measures, including workforce reduction.

In the next few days the street is bound to see more political speculation and analysis. Right from who has been allocated which portfolio and many others. In such times, the best thing to remember is that political development keeps happening at regular intervals and investing principles have endured many situations including political headwinds. If you are really a long term investor, then develop the ability to ignore the political news and analysis, which half the time goes wrong and just focus on what business you either own or will own after you buy the stocks and are the long term growth prospects of that business are good or not. If the stocks fits on that parameters, then all volatility, panic phases are opportunities for investing in such stocks.

TDP Linked Stocks: Heritage Foods and Amara Raja Energy stocks surged up to 32% following TDP's success in local elections, with ties to both companies through leadership connections. Heritage rose 10% to Rs 601, and Amara Raja climbed 9% to Rs 1,325 in Thursday's trading session.

Bharat Heavy Electricals Limited (BHEL) shares surged 14.5% after securing thermal power project orders, including a significant one from Adani Power. BHEL will set up a 2x800 MW thermal power plant for Adani Power in Raipur, Chhattisgarh, and another project for Mirzapur Thermal Energy in Uttar Pradesh.

Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.